Visit Your Parents or Be Sued: Is That Un-American?

Bulletin from Wuxi, China: In the first suit filed under the country’s new law requiring adult children to visit their parents “often,” a court ordered a woman to check in on her 77-year-old mother at least twice a month, and on at least two of the country’s big holidays. With our summer vacations in full swing in the United States, we wonder whether a similar “don’t-you-dare-ignore-your-parents” law would fly here? Discussion: Zimmerman Verdict of Not-Guilty: Was Justice Served? Today’s Americans …

Are Your Parents at Risk for Financial Fraud?

After a lifetime of working and saving, our parents shouldn’t have to fend off fraudsters trying to siphon their funds. But financial exploitation of older adults is happening with increasing alarm, officials say. So to help them detect and avoid all sorts of financial abuse, from identity theft to reverse mortgage fraud, a new online curriculum and guide was launched by the Federal Deposit Insurance Corp. and the Consumer Financial Protection Bureau. It’s the latest effort by regulators to curb elder financial fraud, which …

Caregiving and Taxes

As working caregivers, we often have extra pressure around tax time. Even a simple tax situation can be very daunting as we are simultaneously working, caregiving, organizing our own and organizing our loved ones’ taxes! The good news is there may be some ways to ease the burden for your loved ones. Here is my short Taking Care with Amy Goyer: Caregiving and Taxes video with a few tips on handling this stressful time of year, which you may have …

Divorced Parents May Double the Demands on Caregiving Children

Instead of leaning on each other in their golden years, divorced parents may lean more heavily on grown children for care and support. Experts say adults whose parents are divorced should be prepared for the extra time and financial demands that aging and unmarried parents could require.

Nursing Homes Increasingly Slip In Arbitration Agreements, But Think Twice Before Signing

Anyone who has or may someday have family in a nursing home, take note: A mandatory arbitration agreement is probably not in your loved one’s best interest. Though such agreements are becoming increasingly common at nursing homes and assisted living facilities, there’s good reason for family members of residents not to sign.

The Takeaway: Inheritance Wake-up Call for Boomers (That Windfall Isn’t Coming)

Whither boomer’s inheritances? Not coming, perhaps. “The post-war generation is living longer and increasingly using their savings to live out their retirement,” the Wall Street Journal notes. Which could mean many boomers are in for an unpleasant wake-up call soon.